Bookkeeping

It is essential to report ending inventory accurately, especially when obtaining financing. Financial institutions typically require that specific financial ratios such as debt-to-assets or debt-to-earnings ratios be maintained by the date of audited financials as part of a debt covenant. For inventory-rich businesses such as retail and manufacturing, audited financial …

Now is the perfect time to use nonprofit bookkeeping services to ensure your financial records and policies are set up correctly. Plus, since you likely have a limited team, it helps to outsource your bookkeeping so you can focus on growing your organization and never get behind. Chazin & Company …

Though software exists that can organize the necessary data and help with the challenge, it’s not perfect, and human input is still often needed. Below are 5 essential roles in hotel accounting that combine to keep a hotel’s finances healthy and operations running smoothly. Our bookkeepers crafts perfect journal reports …

However, there are certain organizations that are exempt from filing the form. Unlike income tax returns that are private, this form is open to public inspection. On the other hand, the gross receipts do not necessarily matter if the organization is a private foundation — that is, a tax-exempt organization …